Welcome to Iconic Seaside Heights. Investment opportunity to be part of the future growth of Seaside Heights. 2 properties being offered with favorable Cap Rate as a package deal - 314 and 316 Sumner Ave **8 units, 6 parking spaces** 6 units occupied with year round tenants, **Updated Units** Many improvements, including structural, plumbing, electrical, heating - see documents -- 2 buildings at 314 Sumner - 4 units: 3 two Bedroom, 1 one Bedroom. 2 occupied paying under market rent. Back structure fully renovated, raised 2013 providing large storage area with plumbing, electric, gas.
With projected adjustment for rent of vacant apartments - Rent $69,120, Expenses $12,661, NOI $56,459.**Building at 316 Sumner - 4 studio units, all occupied Rent $58,800. Expenses $14,383. NOI $44,417.**